Noida Authority to collect Rs 1,800 crore from its allottees

According to Noida Authority officials, after conducting a fresh study into the matter, they have so far identified allottees in sectors 149, 150 and 151 to pay the extra amountVandana Keelor | TNN | December 17, 2015, 07:49 IST

NOIDA: Nearly four years after the land acquisition row broke out in the Noida-Extension-Greater Noida area (now Greater Noida-West) Noida Authority is once again getting ready to collect Rs 1,800 crore from its allottees. According to officials, the authority has distributed this amount to farmers as 64.7% enhanced land compensation following an Allahabad High Court order in October 2011.Land owners will have to share this burden, officials said.

Officials further said that the burden would fall on property owners whose land has been acquired between 2002 and 2009. However, the Authority has yet to finalize the exact number of allottees it has to collect the extra amount from. In February 2014 too the authority had for the first time decided to recover Rs 1,800 crore from its allottees after the AHC order, but so far the matter has been pending.

According to Noida Authority officials, after conducting a fresh study into the matter, they have so far identified allottees in sectors 149, 150 and 151 to pay the extra amount. However, officials failed to share the amount each allottee will have to shell out to take care of the additional burden. Officials said that they are likely to issue recovery notices to concerned allottees in next few days as a list of all allottees including builders is being drawn up. Officials said that individual plot owners, developers, institutes, commercial land owners, etc who have been allotted land falling in Noida, will have to pay this extra amount.